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Solana (SOL) faces short-term pressure from Vitalik Buterin's RISC-V proposal for Ethereum, enhancing its scalability and briefly outshining Solana. However, SOL's price recovery potential in Q2 2025 remains strong. On-chain data shows robust ecosystem activity, with $45B DEX volume and stable active addresses, indicating undervaluation. Solana's 65K TPS and low fees continue to drive DeFi and NFT adoption. Market sentiment is cautiously bullish, with 56.15% of X posts expressing optimism and a Fear & Greed Index at 61 (Greed). Forecasts suggest SOL could hit $400-$590 by mid-2025, driven by potential ETF approval and network growth. Key support at $129 and resistance at $144 are critical. If SOL breaks $144, a rally to $200 is plausible, but volatility and competition from Ethereum pose risks.
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